GTT of France Starts IPO

Gaz Transport & Technigaz (GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG, said it has launched an initial public offering (IPO) that could raise up to 675 million euros ($924 million).

GTT said it would be offering 13.5 million shares. Indicative price for the shares was set at between 41 to 50 euros per share.

The final pricing will be set on February 26 and trading will kick off on Euronext in Paris on Feb 27.

GDF Suez has a 40 percent stake in GTT, while Total and Hellman & Friedman own 30 percent each.

6th Mozambique Gas Summit & Exhibition

LNG2019

01/04/2019 - 05/04/2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.